Gold Drifts Lower ahead of US Inflation Data

Singapore: Gold prices eased on Tuesday, while investors looked toward key US inflation data due later this week that could throw some light on the Federal Reserve's interest rate cut stance. Spot gold was down 0.2% at $2,327.52 per ounce as of 0339 GMT. U.S. gold futures fell 0.2% to $2,339.90. Spot silver fell 0.5% to $29.47 per ounce, platinum rose 0.5% to $999.70. Palladium gained 1.5% to $993.83 after hitting a one-month high on Friday. Source: Qatar News Agency